CPI coming up. Who likes massive green futures candles? Happening right at 8:30 no matter what the report says. What a time to be alive. The market is now sitting flat for the year LMFAO. What other proof do you need that there is no risk. This market doesn't EVER stay down. It's not possible.
Well, take a photo of all the money you're making since you are so sure of everything Mmmm the Vvvvv,
Cpi in 20 minutes should be absolutely breathtaking Futures will rise and rise and rise. Don't worry about UNH they will push other dow components harder today to make up for the 10% drop in UNH.
Cpi will come in just in line to maybe 0.1% below forecast.... The numbers are being prepared right now to be picture perfect...
I think tariff inflation won't be registered until a few months from now. There is still the egg & insurance problems that may bump it higher anyway.
Almost at extreme greed. This market goes from one extreme to the next.... People were running away 4 weeks ago and today they are stumbling over each orher to buy stocks now 30 to 50 to even 100% higher. https://www.cnn.com/markets/fear-and-greed
If people don't understand the difference between green and red, there's not much I can do. In a rare "red" or down market the thing is always attempting to buy the dip. If you were to say get a -2% day there is a good chance it automatically retraces at least half of it the next day. There is a constant battle and the thing has to spike many times before going lower. A bull or green market doesn't have to go down. It can keep exploding higher with little to no pullback. The thing will fall $1 and they will instantly buy the dip. It's why it's so freaking hard to go from a green to red market. Like the hardest thing on this planet. You are fighting dip buyers that have deep pockets. When it falls you know it has to get back up, but when it rises it doesn't have to fall. The thing can go weeks if not longer without seeing a "real" red day, but when it goes down big you know you are getting a big up day no matter what.
The bottom line is historically in the US stocks are up 65-70% of the days. The natural bias of humans is optimism so buying feels good. The same reason Hollywood movies always have a happy ending. They did their research long ago. At the dawn of "talkies" in the 1930s during the depths of the Great Depression Hollywood only pumped out movies with happy themes and gaiety.
That proves momentum trading works until the tide turns & then you reverse it like in the Parker Brothers game Uno.